2011-27604 Reso RESOLUTION NO. 2011 - 27604
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING
THE FIRST AMENDMENT TO THE GENERAL FUND
BUDGET FOR FISCAL YEAR (FY) 2010/11 TO SET ASIDE
A RESERVE FOR THE FY 2011/12 BUDGET
WHEREAS, the City's financial for FY 2009/10 are anticipated to reflect
approximately $1.95 million in "Unrealized Losses on Investments"; and
WHEREAS, the City recommended the transfer of an additional $1.95 million from
the Resort Tax Fund in FY 2009/10 to cover these losses; and
WHEREAS, since the "Unrealized Losses on Investments" has a non -cash impact,
the transfer of additional resort tax will result in additional cash in the City's General Fund; and
WHEREAS, the FY 2011/12 budget will have an initial shortfall as the $3.7 million
FY 2008/09 year -end surplus set -aside for FY 2010/11 will not be available for FY 2011/12; and
WHEREAS, it is recommended that the additional $1.95 million be reserved as a set
aside for the FY 2011/12 Budget.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the first amendment to the FY
2010/11 General Fund budget is adopted as shown on the following pages:
FY 2010/11 FY 2010/11
Adopted Rec. Additional Amended
GENERAL FUND Budget Appropriation Budget
REVENUES
OPERATING REVENUES
Property Tax (6.1072) $ 110,367,361 $ 0 $ 110,367,361
Property Tax (0.1083)-Capital R & R 1,777,254 0 1,777,254
Property Tax - Norm Shores (1.0375) 100,517 0 100,517
Other Taxes 25,417,600 0 25,417,600
Licenses and Permits 15,506,204 0 15,506,204
Intergovernmental 9,618,140 0 9,618,140
Charges for Services incl. Golf Courses 10,348,050 0 10,348,050
Fines and Forfeits 3,211,263 0 3,211,263
Interest 3,552,000 0 3,552,000
Rents and Leases 4,892,352 0 4,892,352
Miscellaneous 11,393,221 0 11,393,221
Other - Resort Tax 24,465,000 0 24,465,000
Reserves - Building Departmetn Operations 1,546,709 0 1,546,709
Other - Non- Operating 11,665,443 0 11,665,443
FY 09 Year -end surplus set aside 3,657,000 0 3,657,000
Fund Balance 0 1,950,550 1,950,550
Total General Fund $ 237,518,114 $ 1,950,550 $ 239,468,664
FY 2010/11 FY 2010/11
Adopted Rec. Additional Amended
GENERAL FUND Budget Appropriation Budget
APPROPRIATIONS
Department
MAYOR & COMMISSION $ 1,534,322 $ 0 $ 1,534,322
CITY MANAGER 2,350,894 0 2,350,894
Communications 878,482 0 878,482
BUDGET & PERFORMANCE IMPROVE 1,820,829 0 1,820,829
FINANCE 4,124,205 0 4,124,205
Procurement 969,238 0 969,238
HUMAN RESOURCES /LABOR RELATIONS 1,697,128 0 1,697,128
CITY CLERK 1,500,597 0 1,500,597
CITY ATTORNEY 4,002,642 0 4,002,642
REAL ESTATE, HOUSING & COMM. DEV 776,768 0 776,768
BUILDING 9,316,891 0 9,316,891
PLANNING 3,113,588 0 3,113,588
TOURISM & CULTURAL DEVELOPMENT 2,643,624 0 2,643,624
CODE COMPLIANCE 4,146,931 0 4,146,931
COMMUNITY SERVICES 430,093 0 430,093
HOMELESS SERVICES 759,337 0 759,337
PARKS & RECREATION 27,772,711 0 27,772,711
PUBLIC WORKS 6,372,884 0 6,372,884
CAPITAL IMPROVEMENT PROJECTS 4,520,748 0 4,520,748
POLICE 88,920,529 0 88,920,529
FIRE 56,115,331 0 56,115,331
Citywide Accounts -Other 10,900,410 0 10,900,410
Citywide Accounts - Normandy Shores 157,678 0 157,678
Sub Total General Fund $ 234,825,860 $ 0 $ 234,825,860
Transfers
Capital Reserve Fund $ - $ 0 $ 0
Pay -As- You -Go Capital Fund 0 0 0
Capital Investment Upkeep Account 200,000 0 200,000
Info & Comm Technology Fund 715,000 0 715,000
Reserve Future Building Dept Needs 0 0 0
Reserve - Future Budget Shortfalls 0 1,950,550 1,950,550
GASB 45 Reserve -OPEB 0 0 0
CAPITAL RENEWAL & REPLACEMENT 1,777,254 0 1,777,254
Sub Total Transfers $ 2,692,254 $ 1,950,550 $ 4,642,804
Total General Fund $ 237,518,114 $ 1,950,550 $ 239,468,664
Passed and adopted this 9th day of February, 2011.
7 OP
i
4# /!i • 11.
ay•r
ATT EST: APPROVED AS TO
iiikut t."- FORM & LANGUAGE
pt,A..(4,.., & FOR EXECUTION
City Clerk
.(...._.
./- v°--
f er‘ i' ty .1� . 7 ey 1'v '"Date_"